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Three major causes contributed to the devaluation of the renminbi
Since the introduction of the rmb exchange-rate reform on 21 july 2005, the rmb has continued to appreciate over a period of less than 10 years, and the exchange rate against the united states dollar has spanned the seven years of the 8th era, with the expectation that the rmb breaks six is growing stronger at the end of last year。However, on 25 february this year, the immediate exchange rate of the renminbi suddenly collapsed without any
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